Clear 5-0 Pattern
We have a clear 5-0 Pattern. Market found its necessary resistance @ the 0.618 fib ratio! If market comes under the 0.618 fib ratio and CLOSES under it, get out !
We should now (if the Pattern holds) see a nice new upmove at least to previous highs!
This pattern has nothing to do with the Elliot-Wave theory, but it also boils down to a 5 Wave structure!
We should now (if the Pattern holds) see a nice new upmove at least to previous highs!
This pattern has nothing to do with the Elliot-Wave theory, but it also boils down to a 5 Wave structure!
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